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ceos, does the pessimism spell trouble for president obama and maybe the rest of us also? president obama and mitt romney meanwhile battling it out in the swing state of ohio. john harwood joins us now with all the details. good evening, john. >> good evening, larry. you know, in the wake of that 47% video last week, mitt romney's got a new message and that's to tell middle class people as well as the poor that he cares about them. he did it on the stump in ohio today, he also did it in an interview with our nbc colleague ron allen just a few minutes ago. here's mitt romney. >> i served as a pastor of a congregation with people of all different backgrounds and economic circumstances that i care very deeply about the american people and people of different socioeconomic circumstances. and i think throughout this campaign, as well, we've talked about my record in massachusetts. don't forget, i've got everybody in my state insured. >> and here's some numbers, larry, that show you why that is mitt romney's message rather than tax cuts. you can't compare in the state of ohio where a new
five." ♪ ♪ >> eric: the obama administration coverup of an american debt. not a spy thriller or conspiracy movie. it's real. four americans are debt and it's all playing out in front of our eyes. fox news has confirmed within 24 hours of the assault in benghazi, u.s. intelligence knew it was preplanned and ladies and gentlemened it a terrorist attack, an al-qaeda terrorist attack. we have been saying this all along on "the five." thereon the obama administration trying -- listen to the obama administration thighing to spin the story -- trying to spin the story. they were aware of this by september 12. pay careful attention the dates. >> there is no justification, none at all for responding to this video with violence. >> we have no information to suggest that it was a pre pre-planned attack. it's not a reaction to the 9/11 anniversary that we know of. >> this was not a preplanned, premeditated attack. >> eric: all right. here is president obama tuesday. >> there are no words to excuse the killing of innocence. there is no video this justifies an attack on an embassy. >> eric:
president obama. but mitt isn't having it, trying to get ohio voters to the right by focusing on the economy. >> with incomes going down, every year, every year going down, down, down. prices of electricity up and health insurance up and the cost of gasoline, having doubled, these are tough times. even for families with jobs. i know what it takes to get this economy going again. cheryl: so what would a tax plan under a romney/ryan administration look like? rich edson breaks it down for us. rich? >> reporter: well, cheryl, democrats call it a giveaway to the rich at the expense of the middle class. republicans say they're wrong, and this morning governor romney defended his tax plan. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. by bringing rates down, we'll be able to let small businesses keep more of their money to hire more people. >> in the end the details are really up to congress. romney's proposed cutting every tax rate by 20%. to insure the treasury department takes in about the same amount of money under a new system,
we have been saying this all along on "the five." thereon the obama administration trying -- listen to the obama administration thighing to spin the story -- trying to spin the story. they were aware of this by september 12. pay careful attention the dates. >> there is no justification, none at all for responding to this video with violence. >> we have no information to suggest that it was a pre pre-planned attack. it's not a reaction to the 9/11 anniversary that we know of. >> this was not a preplanned, premeditated attack. >> eric: all right. here is president obama tuesday. >> there are no words to excuse the killing of innocence. there is no video this justifies an attack on an embassy. >> eric: kimberly, now we know that the obama administration labeled at it terrorist attack, so they could release intelligence in the area. but for better part of two weeks they have been denying it was terrorism and blame it on the movie. is there ever a reason for the president of the united states to lie to the american people? >> kimberly: no, there is not. in this particular situation it wa
.n. tomorrow. that's yom kippur. president obama will appear on "the view" this morning, he will not hold any face-to-face meetings with any foreign leaders while in new york. he speaks to the u.n. later today. but it is a labor dispute that has really got the country talking. a bad call by substitute refs on the final play ends a nfl game in flat-out chaos. if this doesn't bring the regular refs back, what will? watch out, "varney & company" is about to begin. [ male announcer ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> good morning, "varney & company" viewers, today is tuesday, september 25th, six weeks from today we vote. the president obama, he's in f
reading on -- reads of the morning. president obama makes another trip to ohio. romney definitely needs to put ohio back in play. the president simile wants to put it away. >>> today romney is out with a straight-to-camera ad. the ad itself is a bit of an admission that the 478% comments have done serious damage and the attacks on his personal wealth are also sinking in. take a look at the ad. >> president obama and i both care about poor and middle-class fami families. the difference is my policies will make things better for them. we shouldn't measure compassion by how many people are on welfare. we should measure compassion by how many people are able to get off welfare and get a good-paying job. >> worth noting, that's his first candidate-to-camera ad. this morning the obama campaign have another ad out hitting on the 47% comment. this is what it looks like. >> when mitt romney dismissed 47% of americans for not pulling their weight, he attacked millions of hard-working people making $25,000, $35,000 a year $40,000 a year. romney paid just 14% last year on over $13 million in income
. it is confusing. we have a variety of polls showing a variety of things. gallup is showing obama with a six-point lead. another poll from the last ten days show it is a one-point race but obama has extended the lead in thible average to four points. with the latest round swing state polling it looks like the race has tipped in his direction for the time being. >>neil: could we have a split view of this, a 2000 deal where the popular vote going one way, and that is tight. again, this depends on the poll. the swing state polls, then, not nearly so tight, for now? i stress, for now. could you see that as a possibility? >>guest: not at the moment. look, that is always a possible. if the race -- it is the fundamental of this race that are reasserted and it tightens to the end which most people expect it to do, we could see a lot the swing states getting in position where you can create scenarios where you can end up with an electoral tie or something very close along those lines. right now, though, for the moment, the race looks like mitt romney is slipping and obama is in front. >>neil: i was t
this. a stunning new poll shows president obama is leading mitt romney by ten points in ohio. republican insiders tell us why. i'm brooke baldwin. the news is now. >>> home prices may be going up, but the buyers aren't who you think. >>> plus, we have seen the studies, we have heard the resume yo rumors, but dr. sanjay gupta reveals the truths about the hazards of cell phones. >>> plus -- >> the meat hook was there. they said rebels tortured and hanged people here. >> this scene inside a syrian town where the killings don't stop. ♪ chirping beeping camera ahhhh drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to have one less battery to worry about? car honking irping the 2012 sonata hybrid. the only hybrid with a lifetime hybrid battery warranty. from hyundai. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and w
toss upstate, president obama and governor romney both campaigning in the same battleground state today. we'll take you straight to ohio and talk about the strategies there, plus violent protests in two european capitols. latest fall outs from efforts to slash out of control government spending. what the street battles you're seeing across the pond there mean for our economic future. and finding justice for an american couple murdered in a tropical paradise. it's all happening now. and back to the big story of the day, iranian mahmoud ahmadinejad getting set to address the u.n. general assembly. hello, everyone, i'm arthe arthel nevel in for jenna lee. jon: i'm jon scott. mahmoud ahmadinejad delivering what is expected to be his final speech to the u.n. as president of the islamic republic. this caps a week of belligerent receipt particular. on tuesday he called for a new world order, free from what he calls american bullying. all this has governor mitt romney and the republican national committee hit the president hard on foreign policy, releasing a scathing attack being the president'
president obama and republican nominee romney essentially in a dead heat. president obama winning by just 1 percentage point as the race enters its final weeks. senior fellow at the american enterprise institute is joining us now from washington, d.c. kevin good to see you. what is the one thing that mr. romney will do to try and push ahead with his economic agenda that he has not been doing and that needs to be doing in previous weeks? >> well, i think that the biggest thing coming up is that governor romney is going to have a chance to speak directly to the american people in the debates and to challenge president obama. you know, one of the untold stories of this campaign for example is that president obama has absolutely no plan to create jobs. that thing they were waving at the convention, his 4 trillion dollars plan was actually just his budget from last year which went -- which went to the floor of the house and senate and got no votes. that kind of conversation is not getting through because of the mainstream media bias. dagen: mr. romney can also speak for himself. he has been wide
? you can see among likely voters, a lot more people think president obama than mitt romney. suzanne. >> yeah. and that might not be a good thing for them because they're trying to lower the expectations. we'll see how it goes. >> lowering. >> thank you, paul. >>> movers, shakers from business, government foundations, they're all meeting in new york right now to tackle some of the world's toughest problems. this is the clinton global initiative that we are talking about bringing people together. more than 1,000 leaders from around the rld. secretary of state hillary clinton spoke earlier at this event. this event, of course, convened by her husband, former president bill clinton. she talked about the reaction to some of the recent protests over an anti-islam video. >> the people of the arab world did not set out to trade the tyrammy of a dictator for the tyranny of a mob. there is no dignity in that. the people of benghazi sent this message loudly and clearly on friday when they forcefully rejected the extremists many their midst and reclaimed the honor and dignity of a courageous ci
. storms stretch from pennsylvania to oklahoma. >>> poll position. president obama pulling ahead in several debattleground states. florida, pennsylvania and ohio, where mr. romney is now trailing by ten points. >>> plus this -- >> israel frustrate the that iranian president mahmoud ahmadinejad will address the unja on the holiest of jewish holidays. will his comments ratchet up tensions even higher? live from jerusalem. "newsroom" starts now. >>> and good morning. i'm carol costello. ref rage. a lot of people sayal deba aing ruining the day. it's not just about saving face. it's about saving sunday. >> reporter: in controversy here. the winning touchdown call of the infamous disputed play was by the book. still, nearly everyone is talking trash, from the ladies on "the talk." >> feels unfair, looks unfair it is unfair. >> to republican vice president candidate paul ryan. >> did you watch that packer game last night? >> reporter: to the president of the united states. who says -- i've been saying for months, we've got to get our refs back. oh, mr. president, that is a bipartisan plea. roger
,000. >> woodruff: president obama and governor mitt romney were slugging it out again today on the campaign trail, both of them in the battleground state of ohio. and both of them mindful of the need to turn out younger voters, who went overwhelmingly for mr. obama in 2008, but who are proving more elusive this year. i traveled to the columbus area this past weekend ahead of the candidates to find out just how elusive. >> fired up! ready to go! >> woodruff: ohio state university students about to head out from an obama campaign office to register voters, yell a familiar refrain. >> fired up! ready to go! >> woodruff: they are a coveted voting block for the president, in this fiercely contested swing state. four years ago, mr. obama won 18- to 29-year-olds nationwide by 66% to 32%. a margin so large, young people were credited with putting him over the top in several key states. >> are you registered to vote? >> woodruff: surveys suggest he's sure to capture the majority of the youngest voter block again. but after four years of watching the president grapple with the realities of governing, they'
's the issue with 2011 here? >> well, look, obama has said i'm going to tax rich people and implying he's not going to tax you. in fact, he passed tax increases on average income americans many many times during his presidency. there are 20 different taxes in obama care that we will all be paying. in addition to that, of course obama's new promise that he won't tax rich people, he's got a new term limit on it, 12 months. only next year, after that we could have a vat or other things. so if you are obama and you intend to allow the bush tax cuts to lapse, so there's a 500 billion dollars tax increase on low income people, middle income people, all americans, you want to talk about anything other than the tax increases that you have scheduled. i mean he's running up trillions of dollars of debt over the next deca decade, according to his budgets. the only way he pays for them since he's not cutting spending is to raise taxes on everyone. what do they want to do? oh gee what did romney pay in taxes four or five years ago? that has nothing to do with anything. we ought to be reducing taxes
to the white house. president obama and governor romney are holding two campaign events today. with a week to go before early voting, there are signs the governor romney has quite an uphill time in this "new york times" and cbs news poll showing the nominee trailing the president by a full ten points in ohio. that is outside the margin of error. there is a solid majority of ohio voters say they think governor romney's policies will benefit the rich. only 9 percent say the middle class will be benefited. less than a third think the policies will treat everyone the same. with president obama, 8 percent say it is helping the rich and the rest divided equally. that is not good for governor romney. this comes after the secretly recorded video of governor romney, saying 47 percent feel they are owed everything by the government and they will never take "responsibility." carl cameron, the campaign dispute as lot of the numbers. >>carl: they do. they point to the fact that real clear politics has five points for an advantage when you average all the polls. the bigger dispute is how most of the pub
quarter on stocks have some thinking that president obama is a "bye." if market pundits are right, mitt romney shut be scare the because a reliable barometer just turned bad for him. stocks closing out the trading month up and the latest quarter up a lot more. the dow, despite today's soft performance, surging 2 percent this month, almost double that in the last three months. stronger quarterly gains for the s&p 500 and nasdaq which means in an election year, good for the incumbent almost every election year. 39 days out, does that mean that the president is in? our market watcher says no, not when you factor the recent state of bad economic numbers. or the scores of major u.s. companies throwing workers out. larry, which is the more dominant theme? >>guest: just to illustrate that point, look no further than a country like greece on the verge of a depression, 25 percent unemployment, civil unrest, yet their stock market is up almost as much as our stock market. it shows you how disconnected main street has become from wall street in this committee. the reason for that is because of unp
. it doesn't necessarily mean anything. i am wondering if what this is saying for president obama is that people are going to look at their financial statements, if they are lucky enough to have accounts and they are up, or they will look at their home values if they are lucky enough to have a home going up in value and they feel, on paper, some of this wealth affect we hear about. you dismiss that? >>guest: well, it is a good point that perhaps what this is telling us is that bernanke at the federal reserve is throwing the kitchen sink at this to stimulate it through the economy, through the election, and stimulate us through the fiscal cliff which could lead to asession down the line. the question is, are investors going to look at main street data and see the weakness which business owners see each day or will it look at the 401(k) state? the short run the 401(k) sames are powerful. in the long run, the economic data is reality. we know that the federal reserve alone cannot solve the world's problems. you have to have harmony in washington, you have to have uni in washington an
romney and president obama are duking it out in the battleground state of ohio today. the unemployment rate there is 7.2% which is lower than the national average, but some argue the recovery has been uneven in the buckeye state. so which way will this state swing? with me now is fox news's bill hemmer who spent time on the ground in columbus. >> and other parts. melissa: this is the state you love. >> yes. melissa: you know it so well. >> my home state too. so i have a personal attachment to it. i think in any normal time 7.2% is absolutely unacceptable for any governor, in any state in america agreed? but lower than the national average and that is why that number gets a bit more attention right now. i find ohio confounding at the moment politically. melissa: yeah. >> in the southeastern part of the state unemployment is at 13%. melissa: wow. >> northwestern part of the state, unemployment is at 4 1/2%. melissa: wow. >> such a difference. melissa: like two different states. >> it is. i will tell you in a moment about why ohio is such a battle ground and how it reflects so much of ame
a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. ♪ ♪ and the flowers and the trees all laugh when you walk by ♪ ♪ and the neighbors' kids... what does being true to yourself have to do with being healthy? everything. ♪ but you're not ♪ you're the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one... >> lose the belly or lose the job. that's the order of hundreds of thousands of officers in lahore an
assessed claims made by president obama and mitt romney as the campaign ahead of their first debate. they were from people with the fact, the washington post, and the -- politifact, "the washington post," and [unintelligible] this is one-and-a-half hours. >> good morning. my name is kathleen hall jamieson. i direct the annenberg public policy center at university of pennsylvania. welcome to our session -- this includes sessions trying to address the question, what is the role of journalism in a debunking deceptions and holding candidates accountable? to set the fringe for our discussion, we are releasing the results of a survey of adults, with a margin of error of 3.2%. we will offer as our conclusion that the public has a lot to learn about the 2012 presidential race. also, we will say that those who seek out fact checking on the internet, do no more. here are specifics. a sizable proportion of the public fails to understand the plan and records of major presidential candidates. when people watch debates, the level of knowledge improves. we expect in the second, third, and third wa
's actually related -- >> no, it's not. >> president obama leads romney by 10 percentage points in ohio. no republican has lost and then won the presidency. the president is up nine points in florida and has opened up a 12-point lead in pennsylvania. in the same poll, president obama leads mitt romney in his handling of the economy in all three states. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have somehow managed to win despite that media liberal bias. you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's happening there, and why is he losing so badly, especially in ohio? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem right now re
, president obama leads mitt romney in his ndlif e ecomy ill estat. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have someh managed to win dpitehat a raas you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's hapning the, and why is he lingoba especially in oh? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem rit now remains him. he's not driving asient mee. the president does -- says something, the republicans get all excited about it. they treat it like a gaffe. they'll talk about it for a day. and then they'll move on to something else. the biggest danger to me right now for the republican party are two things. one is that you look athe
netanyahu is expected to address the general assembly today. president obama and republican challenger mitt romney each spent wednesday campaigning in the battleground state of ohio, a key prize in the battle to win the november election. both candidates appealed to voters by attacking the other's record on china, with romney saying he will stop the country from taking u.s. jobs. >> one of the nations that has cheated over the years has been china. they have artificially held down the value of their currency. by doing that, the prices of their products are artificially low. when the prices are low and compete with our manufacturers, our guys go out of business and lose jobs. one thing i will do from day one is labelled china a currency manipulator. they must not steal jobs in unfair ways. >> romley's comments come days after his tax returns showed his trust has invested in a chinese will company doing business with iran. president obama criticized his comments on china. >> he said he is going to take the fight to the chinese. he will go after these cheaters. i have got to admit, that messag
the value of their investments since president obama took office? we look at the latest survey, which we'll talk about more later in the program. 34% of americans say their investments are better off than they were four years ago. just 29% said that they were worse with 28% about the same. the facts are the s&p 500 has skyrocketed over 70% in that time, of course, due to the central bank stimulus action. so what's the disconnect? joining us with answers so that and more is the pimco ceo. good to see you. thanks for joining us. >> thank you, maria. >> let me get your take with what's going on in spain right now. we've been looking at these pictures of protesting. it certainly feels like things are worsening there in terms of the unrest and certainly the economic challenges. what's your take on the latest? >> it's an indication of how difficult it is to go from designing a response to implementing it. one of the problems you have in europe is that parts of the populations are just fed up. they've had enough. so you start getting rejection. it's most acute in greece where you've had economi
ahmadinejad called for a new world order. as he was speaking rudy giuliani was blasting president obama for not taking stronger action against iran. former mayor rnl religion joins me ahead. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief... try thermacare. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. through mercedes-benz sleep train's inveis ending soon. sale save 10%, 20%, even 35% on a huge selection of simmons and sealy cle
is promising to give $1 million to the pro-obama super pac priorities usa action. the former hedge fund manager also plans to donate half a million dollars to a pair of super pacs supporting democratic candidates for congress. even with the latest round of pledges, contributions by soros this cycle will pale in comparison to some donors on the republican side. casino magnate sheldon adelson has pledged to spend up to $100 million to defeat president obama and the democrats this year. president obama and republican challenger mitt romney each campaign thursday in the hotly contested battleground state of virginia. both candidates attempted to court virginia's large population of military voters. in an address in the military town of virginia beach, obama called for what he termed "economic patriotism." >> during the campaign season you hear a lot about patriotism. well, you know what? it is time for an economic patriotism. in economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> mitt romney spoke at an american legion hall in springf
mentioned president obama and mitt romney hitting the spring state of ohio in duelling events. the president speaking ott bowling green university. governor romney in bedford heights, pushing his economic plan to business leaders there. the polls show the president is holding a lead in the state. cnbc's chief washington correspondent john harwood has the latest on that. >> the 18 electoral votes in ohio are critical. no republicans won the white house without them. mitt romney is in a hole in ohio now. new york times cbs poll out this morning showed him down by 10 percentage points in ohio. other polls show it closer. everybody agrees he's behind. look at the numbers. it tells you about his ohio trouble from this poll when you ask people who's better on the economy, that's mitt romney's signature issue. barack obama by 51 to 45%. when you ask who would favor the rich, 8% say president obama. 58% say mitt romney. that's not good for him. when asked does mitt romney or barack obama understand the problems of people like you, by 59% to 38% people say obama understands, romney does not. that exp
. which candidate has the better energy plan in your view? >> well, obama has no energy plan. he talks about energy a little bit. he never has a plan. romney has a good plan, and i believe romney will carry it out. that all the people that have run for president since nixon, republican and democrat, have always said elect me and we'll be energy independent. romney has not said that. he has said with a north american alliance, that we can bring together mexico, canada, and the united states, and we can be energy independent using all of north america. but that's good because they're good neighbors. we work well together. all that can be accomplished, but romney is realistic about a plan. his plan is use our own resources. >> and we know that's a job creator. do you think he has a shot to win the election? >> oh, i think he will win the election. i think he has energy as a big component. there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are cr
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
, thanks so much. president obama and mitt romney are getting ready for their first debate this wednesday. some conservatives say mitt romney needs a to do a better job selling his tax message which at times seems a little bit muddied. lou dobbs is here to weigh in. i think that was generous. >> very generous. by the way same can be said and should be said of president obama. what these two men are doing, in their economic policies, excuse me, is truly bizarre. they're both obfuscating a bit. to what end, one doesn't know. when you try to win election, seems to me, and i have only covered six presidents but i think it is better if you're clear and direct as you can be with the voter if you want them to vote for you. that is just my feeling. melissa: yeah. >> unless you've got a record a little like mr. obama where you don't need them to focus in quite so sharply on your record, maybe a little fuzz is good. when you were the guy coming at him, you better be sharp and focused and neither man is, i think entirely achieving his goals. melissa: the president, so much of his campaign focused on
this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of course in t
facing a 20 billion euro shortfall. >>> and mitt romney and president obama disagree over israel ramping up the rhetoric. >> and foxconn shuts down a northern chinese factory after a brawl involving 2,000 workers. >>> germany's sentiment index falls, and the mood continuing to u.s. futures. closing in on the start of the trading day, dow jones implied to open lower by more than 35 points. nasdaq and s&p 500 also looking to shed their gains, as well. take a look now at the cnbc ftse global 300. down a third of a% in light of that data which hit just about an hour ago. european markets she the ftse 100 down 0.4%. xetra dax this one in focus this morning, that's down 0.6%. cac 40 down almost 1% this morning. this ahead of a key budget unveiling. ibex 35 not benefiting from the risk off attitude. down 1.6%. >> and i think the ifo number, we had a better pmi out of germany last week, so the expectations it would hold up and it didn't. but it is worth pointing out 50% of the responses were taken before the constitutional court ruling in germany. quite a lot of paper being issued by italy this
. >> the united nations general assembly meeting president obama up speaking about... i run and president will be speaking at 8:00 this morning. there'll be protests about him speaking on this holiest day in the jewish year. the week the leaks founder will be speaking by video link. he is holed up right now and the ecuador and the sea where he is seeking asylum. he fears he will be turned over to the u.s.. coming up we will check in with the i iranian president. >> the time is now 7:22 a.m. and will continue on this wednesday morning. here's a look at the golden gate bridge. the commute is looking good for marin county. there is heavy traffic on the bridge but is county. another oneavy killed by lime scale. how can the dishwasher do its job ? adding finish power up to your detergent brings your dishwasher back to life. dishwasher buildup, cloudiness, spots, even tough stains-- gone ! so don't give up. add finish power up. wow ! see the difference. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i c
prediction numbers show wall street spending president obama will easily win reelection. mitt romney, 75% to 25%. wall street is buzzing about the next obama treasury secretary. charlie gasparino -- we will talk about -- charlie: regular raffs screw up all the time too. i like roger goodell. we won't go there. let's talk about wall street. we should check out so people understand these numbers wall street is heavily supported according to the latest data. 75 to 25 with financial institutions and executives going to the latest. that changes when it looks like one side is winning and it looks like obama is winning. the next batch of numbers could be different but as of right now i snapshot. they want romney to win. is a different dynamic. in trade is the prediction. wall street guys and traders betting on who would win. they are betting overwhelmingly that obama is going to win and when you talk to people, and what is coming next. who is going to be primary regulators and the person calling shot? federal reserve, big-name for wall street, the primary regulator and banks and they play a big
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